Will you take SS immediately or delay like they want you to?

[Over70irregs]

Senators call for changes to encourage retirees to claim Social Security later — CNBC

Many retirees claim Social Security at age 62, even though their benefit checks would be bigger if they waited. Now some lawmakers hope to help change that.

apple.news

 

[IVE GOTTA PACKAGE 4U]

Senators call for changes to encourage retirees to claim Social Security later — CNBC

Many retirees claim Social Security at age 62, even though their benefit checks would be bigger if they waited. Now some lawmakers hope to help change that.

apple.news

I just went online this weekend and got my social security estimates.

Big difference between age 62 and 70

 

[IVE GOTTA PACKAGE 4U]

 

[thecamel]

Spend your entire career living for tomorrow. When you reach 62 it's time to live for today. Take the money.

 

[728ups]

I just went online this weekend and got my social security estimates.

Big difference between age 62 and 70

Nothing is guaranteed, and a bird in the hand ...............
I'm getting mine as soon as i can.

 

[IVE GOTTA PACKAGE 4U]

Nothing is guaranteed, and a bird in the hand ...............
I'm getting mine as soon as i can.

Figures

Your bird is always in your hand...


You're retired now go take a look at the social security estimates.

 

[wornoutupser]

Taking mine at 62

 

[pkgdriver]

Figures

Your bird is always in your hand...


You're retired now go take a look at the social security estimates.

Until somebody can tell me when Im going to go to big brown pkg center in the sky….Im taking at 62.

 

[Brown Biscuit]

What if I only make it ten years? I’m vested right, but never really looked into it.

 

[IVE GOTTA PACKAGE 4U]

Until somebody can tell me when Im going to go to big brown pkg center in the sky….Im taking at 62.

There is no correct answer.

 

[IVE GOTTA PACKAGE 4U]

What if I only make it ten years? I’m vested right, but never really looked into it.

You need to have 40 credits, which is 10 years of working
You only do make 6560 per year to get a full years credit.

Of course the more you make the more you get to collect

 

[Over70irregs]

Yea, they want you to die before you are eligible to collect. This is really their solution to lowering Unfunded Liabilities?

 

[bottomups]

Took it at 62.

 

[IVE GOTTA PACKAGE 4U]

Yea, they want you to die before you are eligible to collect. This is really their solution to lowering Unfunded Liabilities?

Just like most pension plans?

 

[Jones]

If your FRA is 67 the break-even point between 62 and 70 is around 80.

 

[anonymous23456]

View attachment 420115

Answer this question. What is the chance of you dying at 62 vs 70?

 

[IVE GOTTA PACKAGE 4U]

Answer this question. What is the chance of you dying at 62 vs 70?

Who knows the answer to that one?

 

[KearsargeCoop]

Answer this question. What is the chance of you dying at 62 vs 70?

If you retire,good chances. If you keep working, you'll live forever. Seen it over and over.

 

[Over70irregs]

Just like most pension plans?

Bam. Yes sir. Put in ~30yrs push to 55 or more so you push to 401k 59yo. threshold. They know lifespans are shorter now.

 

[PT Car Washer]

I am still holding off on collecting SS. 8% a year increase and would really help Mrs. PT when I am not around anymore.